Senvest Capital Inc.
TSX : SEC

Senvest Capital Inc.

July 19, 2005 16:20 ET

Senvest Capital Reports Results For The Second Quarter Ended June 30, 2005

MONTREAL, QUEBEC--(CCNMatthews - July 19, 2005) - All amounts are expressed in Canadian dollars unless otherwise indicated. Senvest Capital Inc. (TSX:SEC) today reported net loss of $3,437,052 or ($1.34) per share for the three months ended June 30, 2005. This compares to net earnings of $3,776,467 or $1.43 per share for the same period in 2004. Beginning in 2005, the company has adopted fair value accounting, generally referred to as mark to market, for all financial instruments.

Senvest Capital Inc. and its subsidiaries have business activities in Merchant Banking, Asset Management, Real Estate and Electronic Security.



CONSOLIDATED STATEMENT OF EARNINGS
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(unaudited)


For the three For the six
months ended months ended
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June 30, June 30, June 30, June 30,
2005 2004 2005 2004
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Net Earnings (Loss) ($3,437,052) $3,776,467 ($4,193,768) $13,039,544

Earnings (Loss) per
share - Basic ($1.34) $1.44 ($1.63) $5.14
Earnings (Loss) per
share - Diluted ($1.34) $1.43 ($1.63) $4.97

Average number of
shares outstanding 2,579,050 2,536,541


Contact Information

  • Senvest Capital Inc.
    George Malikotsis
    Vice President, Finance
    (514) 281-8082
    www.senvest.com